Micron to deliver ’another strong quarter’, Goldman says - Yahoo Finance

Micron Technology is expected to deliver a strong quarterly performance, according to Goldman Sachs analysts, driven by tightening supply conditions and surging demand for memory chips. The firm signi... Read original →

Micron’s surge reflects a structural shift: HBM4’s imminent ramp is tightening advanced DRAM supply as AI accelerators demand unprecedented bandwidth. This isn’t cyclical—it’s architectural. Micron’s Strategic Customer Agreements effectively pre-sell capacity to hyperscalers, decoupling margins from historic price volatility. Yet, escalating U.S. export controls risk inflating compliance costs across its Taiwan, China and Hong Kong, China logistics nodes, while spurring Chinese rivals like YMTC to target niche HBM alternatives. Samsung and SK Hynix are racing to certify HBM4 this year; if Micron fails to secure a >30% HBM revenue mix by 2027, its $900 valuation becomes untenable. Over the next 18 months, memory chips will transition from commodities to strategic assets—pricing power now hinges less on supply-demand math and more on who controls the tech-alliance perimeter.